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He had always been the ultimate slick Washington insider with deep ties to the Wall Street crowd. Hardly the "Change We Can Believe In" that candidate Obama promised on the presidential campaign trail back in 2008. And that's a major reason why the president is facing such a tough reelection fight this time around. Many of his old supporters, particularly those under thirty, feel he cynically sold them out over head-scratching choices like this one. Maybe if he ditches Timothy Geithner as well, some of these supporters will come back. Don't hold your breath, however.

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